MEDICAL DEVICE CONNECTIVITY MARKET ANALYSIS

Market Challenges And Opportunities

Global Medical Device Connectivity Market- Driver

Increase in the prevalence of cancer

An increase in the prevalence of cancer which requires constant patient monitoring is expected to increase the demand for its early diagnosis and monitoring which in turn is expected to drive the global medical device connectivity market growth during the forecast period. For instance, according to data published by the American Cancer Society, in 2021, 1.9 Million new cancer cases were diagnosed in 2021 in the U.S. out of which 281,550 were breast cancer

Global Medical Device Connectivity Market: Restraint

High cost associated with medical device connectivity setup

The major factors that can hamper the growth of the global medical device connectivity market over the forecast period include the high cost of medical device connectivity setup for small healthcare organizations. The cost of interoperability and connectivity solutions for various medical devices is significantly high. Small-scale healthcare organizations need help to use internet connectivity to medical devices. This is mainly because of difficulties implementing multiple networks with health setups, wireless connectivity options, and the constant need to install subsequent security layers to prevent data breaches. The high price of this service is hampering the market growth. Key market players should focus on launching cost effective medical devices connectivity solution for small and medium scale organizations